so much of it moving from here in the united states to there. are your margins just as good there. >> you look at this, we are sort of bucking the trend. we have maintained 70% of our manufacturing in the united states. we are now 70 locations in china and 60% of the products that we're selling in china is being shipped from our u.s. facilities. we have a number of plants in north carolina. one right here in new jersey, across the river. in passaic, new jersey, if somebody had said five years back we'd be making thousands of lamps for china, you'd have said we're crazy. that's what we're doing. the china market, of course, is growing. they're also interested in good name brands, and it is for us, of course, the clients we're dealing with want american made products. so we're benefitting from that trend in china as well. >> farooq, a pleasure to speak with you. thanks for coming up. farooq kathwari. >> we're going to take another peek at carlyle. going public today. does this defuse the enthusiasm for ipos? no pop today, up 1.7%. >> one that's co